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Please excuse my ignorance but I only just noticed that there is a share consolidation that I am struggling to understand.
Prior to the consolidation, I had 1000 TSCO share valued at £2392.
Following it I had 789 (should have been 789.45) shares valued today at £1799 which gives me a £593 loss since the consolidation.
I also apparently have a dividend of 50.93p which equates to £509.30
So after all this I am £83.70 worse off and Tesco have the brass neck to donate my .45 of a share to the Trussell Trust.
Have I got this right?
On a slightly different note I tend to look at (especially with supermarkets) their net profit as percentage of turnover - and the net profit itself. This being what is usually available for dividend and reinvestment. Tesco last year i think had net profit approx 900, million on sales 60 billion - less than two percent. Its similar for other supermarkets. I do think this is area that sometimes warrants closer management attention than perhaps market share. Although its the latter that seems to get most attention.
As a rough and ready extreme example if Tesco could increase all prices by just one percent. Would increase turnover by 600 million and net profit same amount in pounds but in percentage terms by 60 percent. The reverse is true which is why i get a bit twitchy when supermarkets I have shares in trigger price competitions. It is a very fine balance and I don't envy the management's
I had only popped over to see all your thoughts concerning the dividend etc and thank you for the information on the board and your courtesy.
I will now return to my more normal board and make a nuisance of myself there
Best Wishes
HB
Barchid must admit even pre covid i tried to avoid visiting any super market before sunset - found the whole experience much more civilised later on
Interesting WM2020 and by sitting it out you burn the city boys...whats not to like :-)
know someone who had north of 40,000 shares (and still has)once worth north of 200k....so you can do the math where that fell to at the lowest point and still over a 100k down from peak.
Jr20,
Sorry to butt in, but I don't think it's tomorrow when the wall of cash becomes available, but Friday (26 Feb). As others have said, it might be best to avoid that day to re-invest.
Re MRW, I naively "piled in" to TSCO, MRW and SBRY in about 2011/2012 *after* the respective share price peaks, and held most of my holdings in each ever since, topping-up (at much lower prices) occasionally. Ironically, I did this on the basis of "re-risking my portfolio" and on the basis that "people will always have to eat". I will, I suspect, always be "under-water" on TSCO and MRW. I eventually sold out of SBRY, at a small profit, when the ASDA/Sainsburys "merger" (since aborted) hit the news. I have always, somewhat anecdotally, considered MRW's balance sheet to be stronger (and simpler to understand) than TSCO's. I really need to read properly their respective latest half-year reports to confirm that one way or the other (accepting that TSCO has had a step-change since). Unfortunately these reports are just getting longer and longer - some 47 pages for MRW and 69 pages for TSCO, and these are just the half-year reports! The other thing that concerns me in the long term is, with such thin margins, to what extent the levels of dividend are affordable and sustainable in the future and how the share prices can ever appreciate substantially in the future - different investors have different needs, but I wouldn't want any capital growth to be totally cannibalised by the size of the dividend.
ATB, Mike.
LTI
Re Aldi I totally agree, many people avoid, we do too.
LTI
Are you still in?
I have bought two tranches since consolidation, and still feel comfortable on future prospects.
Out of interest have you reviewed Morrisons? Thoughts?
It should be interesting tomorrow to see how much money comes back in tomorrow.
I think this is a trap to catch out the retail investor, big price drop after consolidation, price starting to rise again, investors with the special divi cash on Friday reinvest drive up the price higher early next week, big boys bail out, then it drops back down to 210p - 220p range and the retail investors bet burned again.
Watch out folks, sit on the special divi cash for a while, might be worth it in the long run.
That 5 B demand more likely to make an appetizing result to a price reduced share capital hurry while stock last it could be sold out before the weekend
may have hit the near term price floor - time will tell.
£5 Billion needing a home on Friday
To be honest Bob,
I think people can see with their own eyes the difference when walking into Tesco compared with Lidl. Doesn't need a campaign to say what people can see.
Price on the other hand needs to be spelled out as a shopper cannot compare hundreds of items themselves.
Hi
I wouldn't disagree with your thoughts but I do think the advertising does give the impression albeit by accidental inference that only some products are price matched- the inference being that others are not.
I think if a company is advertise the reasons to shop there as opposed to a competitor - is price it has to do so carefully. Saying that we match in only some areas to my mind is not ideal. Also perhaps giving the impression that Aldi are setting the price and Tesco matching as opposed to being cheaper
I think a better campaign would have utilised some of the points you together with the far greater range that Tesco carries ,together with far more non food items. The latter making it possible for a visit to Tesco to be literally one stop with no need then to use time and energy travelling to other retailers for other items.
Similarly a Tesco checkout experience is far more relaxed without need to unpack trolley twice.
In summary it the advertising I am criticising not the shop itself.
HB
Just because Tesco price match on hundreds of regularly bought items, doesn't mean that less frequently bought items are cheaper in Aldi.
Tesco also give product discounts on selected items for clubcard holders.
And - to be Honest Bob, many British people like myself would rather shop in a quoted
British company than do their shopping in a Privately held German family business
(Aldi and Lidl)
I am perhaps miss the obvious. I am use dividend to buy shares and restore my initial position. So i will then have same number of shares but tax liability on the dividend. If i don't buy back i still have tax liability. May have been said so before but I am afraid I think BOD done shareholders no favours.
Matched by the idiocy of the present advertising which makes a great play that some products are as cheap as Aldi. Which implies remainder are not. So in essence they say Aldi cheaper in lot areas but we can match them in some. And they think this will bring in shoppers on price. Couldn't be worse if Aldi had paid then.
about a 1.6% of market cap return to Blnd shareholders.
Tesco are returning nearly 30% of market cap to shareholders.
as may be worth bearing in mind.
I am a British Land shareholder, and for some reason always receive dividends from them late.
Well that late date was today. I don't know if other holders receive theirs late as well, but today
the shares went up by over 5% - I'm guessing on shareholder reinvestment?
Thanks for the correction Lt. There is no bad intentions at all. The recent decisions by the BOD is leaving a bitter taste and I honestly think it could have been handled better pal. I’ve added another 1500 shares at this price. I will continue to sit on my hands and hopefully the BOD will prove me wrong.
I agree I bought in at 229 (first time investing) in Tesco.
The people who are the Dooms dayers are the 99% who don't know how how to invest- let's be honest most people aren't Rocket Scientists, Mathmeticians & Entrepreneurs or EVERYONE in their field, would be Einstein/Musk/Einstein my point is everyone is disappointed by a low SP What do you want to do?! Buy on a peak?!?!! It's only depreciated to this level artificially because of a system banking error!! Not because Tesco is a Duff share and going down the swanee!! I just made a nice crust off Amigo when all the Nay sayers were saying the same thing.. sure I make mistakes but my Mantra is buy a healthy company that's bottomed out! Tesco WILL level itself back out, especially in the Food essentials ONLY climate.
You don't need to the ever so cool and trending Aldi or Lidl or Ocado or Cannabis Pharma company or buying 10 million stella coins sometimes the tried and tested old Fogees are the best go to's.
Parting shot from Dave Lewis ?
TB
Just for you
https://uk.investing.com/equities/tesco-historical-data
TB
Just for you
https://uk.investing.com/equities/tesco-historical-data
tb
I bought for 145p on 11/12/15
You are looking at a graph distorted by the consolidation process .
Look elsewhere if interested.
According to HSBC the lowest SP on the 11/12/15 was £1.85 so my apologies for the 11 year low. Apparently there was 1 month around that date that the SP was lower than today’s. Other than that month the SP has always been higher than today’s SP Since March 2003..
A consolidation is purely cosmetic, with the simplicity of it only seeming complicated to the
simple of mind.
Without the consolidation, you would be holding more shares representing the same percentage ownership as a post consolidation holding.
Your greater number of shares would now be heading towards 170p per share.
The Asian asset sale details were known about for a very long time, with that knowledge was built into the share price.
Shareholders could have sold at anytime.
As with many stocks, a share price quite often drops by more than the distribution, especially with a general market drop.
Tesco and the like have been safe havens in times of turmoil, but with light at the end of the tunnel, some investors may have decided to switch to a recovery stock.
Tesco currently has a market cap of about 17 Billion.
Tesco shareholders will have 5 Billion in their hands on Friday.
Have a look in early March when the dust settled to see how the market is valuing Tesco